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HomeMy WebLinkAboutAgenda Item Summary Formlr AGENDA ITEM SUMMARY FORM -" File ID: #12480 Date: 08/24/2022 Requesting Department: Office of Management and Budget Commission Meeting Date: 09/22/2022 Sponsored By: Type: Subject: District Impacted: All Discussion Item Discussion - Public Comment - Millage Rate, Final Budget FY'23 Purpose of Item: To allow discussion and public comment on the Final FY 2022-23 Millage Rate, Final Budget, and all other Budget items on the agenda. Background of Item: The FY 2022-23 Proposed Operating and Capital Budgets were provided to the Elected Officials, posted on the City's website, and filed with the Office of the City Clerk on July 26, 2022. On September 10th, 2022 both the Tentative General Operating Millage rate of 7.5539 and the Operating Budget were approved. The Final General Operating Millage rate of 7.5539 for the City of Miami for the Fiscal Year beginning October 1, 2022 and ending September 30, 2023 is 9.91 percent greater than the State Defined Rolled -Back Rate of 6.8725 mills. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Item is funded by Bonds Total Fiscal Impact: Reviewed By Office of Management and Budget Marie Gouin Department Head Review Completed 08/24/2022 11:03 AM City Manager's Office Larry M. Spring Assistant City Manager Review Completed 09/06/2022 12:03 PM City Manager's Office Arthur Noriega V City Manager Review Completed 09/07/2022 4:15 PM City Commission Nicole Ewan Meeting Completed 09/22/2022 5:05 PM